article thumbnail

Tencent buys 5% stake in Tesla for $1.8 billion

Green Car Congress

In 2015, Taiwan-based Hon Hai Precision Industry Co Ltd., Founded in November 1998, Tencent, best known for its WeChat app, is a leading provider of Internet value added services (such as social networks and online gaming, representing the majority of the company’s revenue), online advertising services, and online payment in China.

Buy 150
article thumbnail

Solid state: EV giants chase ‘holy grail’ of batteries – ET Auto

Baua Electric

The company says it aims to build a gigafactory for its new batteries by 2029 and has signed a joint development agreement with BMW. ProLogium Technology of Taiwan said that by the end of 2023 it aimed to ship prototype samples of its semi-solid-state batteries that enable a near doubling of the energy densities of the packs.

article thumbnail

Saudi Arabia partners with Foxconn on new EV brand

Teslarati

Saudi Arabia’s Public Investment Fund and Taiwan-based technology manufacturer Foxconn entered into a joint venture to develop and manufacture electric vehicles. Ceer will also use component technology from BMW in its vehicles. It aims to deliver the first Ceer EVs by 2025.

article thumbnail

Tesla supply chain: Biden team plans $52B funding to address chip shortage among US carmakers

Teslarati

Taiwan Semiconductor Manufacturing Co. Semiconductor shortages halt BMW and Daimler production lines. Raimondo reported that Ford’s CEO Jim Farley and General Motors CEO Mary Barra have shared that the chip supply situation is improving. TSMC is a major chip manufacturer in the industry, along with Samsung Electronics Co.

Supplies 145
article thumbnail

What is the Combined Charging System (CCS) Standard?

Driivz

Seven automotive manufacturers (Audi, BMW, Daimler, Ford, General Motors, Porsche, and Volkswagen) agreed to adopt the combined plug standard, with the first prototype implementation demonstrated in May 2012. CCS1 is also available in Central America, Korea, and Taiwan. What are CCS “combo plugs”? and Canada).

article thumbnail

Bubble car is back as a range-extended EV

Green Cars News

Featuring front-entry access like the old BMW Isetta, for ease of access, the model went on display at the Taiwan EV show last week, as its creators look to take the model to an international au[.]. The bubble car of the 1950s has been reborn and reinvented as a 21st century range-extended electric car. Electric cars'

Taiwan 52
article thumbnail

The Chip Shortage, Giant Chips, and the Future of Moore’s Law

Cars That Think

GlobalFoundries has already inked agreements with both Ford and BMW. Takes Strategic Step to Onshore Electronics Manufacturing A bit alarmed by just how geographically close China is to Taiwan and Samsung, the only two countries capable of making the most advanced logic chips, U.S. The result?

Future 144